CITIC Bank Upgraded to 'A-' by Fitch Ratings

Deep News04-01

On April 1, Fitch Ratings released a report upgrading CITIC Bank's long-term foreign currency Issuer Default Rating (IDR) from 'BBB+' to 'A-', with a stable outlook. This marks the second upgrade for CITIC Bank by Fitch, following a previous increase from 'BBB' to 'BBB+' in 2023, and represents the highest rating level among joint-stock banks in China.

According to the Fitch report, the rating upgrade is primarily based on CITIC Bank's solid operational performance, strong shareholder support, and systemic importance.

CITIC Bank stated that it will continue to actively advance the "Five Key Financial Initiatives," further develop its value-oriented banking strategy, and accumulate new momentum for development during the "16th Five-Year Plan" period, aiming to deliver stronger operational results to investors and the capital market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1197703137?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-01 19:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197703137","market":"hk","top_or_hot":-1,"title":"CITIC Bank Upgraded to 'A-' by Fitch Ratings","media":"Deep News","content":"<p>On April 1, Fitch Ratings released a report upgrading CITIC Bank's long-term foreign currency Issuer Default Rating (IDR) from 'BBB+' to 'A-', with a stable outlook. This marks the second upgrade for CITIC Bank by Fitch, following a previous increase from 'BBB' to 'BBB+' in 2023, and represents the highest rating level among joint-stock banks in China.</p>\n<p>According to the Fitch report, the rating upgrade is primarily based on CITIC Bank's solid operational performance, strong shareholder support, and systemic importance.</p>\n<p>CITIC Bank stated that it will continue to actively advance the \"Five Key Financial Initiatives,\" further develop its value-oriented banking strategy, and accumulate new momentum for development during the \"16th Five-Year Plan\" period, aiming to deliver stronger operational results to investors and the capital market.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CITIC Bank Upgraded to 'A-' by Fitch Ratings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCITIC Bank Upgraded to 'A-' by Fitch Ratings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-04-01 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On April 1, Fitch Ratings released a report upgrading CITIC Bank's long-term foreign currency Issuer Default Rating (IDR) from 'BBB+' to 'A-', with a stable outlook. This marks the second upgrade for CITIC Bank by Fitch, following a previous increase from 'BBB' to 'BBB+' in 2023, and represents the highest rating level among joint-stock banks in China.</p>\n<p>According to the Fitch report, the rating upgrade is primarily based on CITIC Bank's solid operational performance, strong shareholder support, and systemic importance.</p>\n<p>CITIC Bank stated that it will continue to actively advance the \"Five Key Financial Initiatives,\" further develop its value-oriented banking strategy, and accumulate new momentum for development during the \"16th Five-Year Plan\" period, aiming to deliver stronger operational results to investors and the capital market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0278","symbol_name":"货币金融","start_time":0,"source_url":"","article_id":"1197703137","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197703137","pubTimestamp":1775043024,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"On April 1, Fitch Ratings released a report upgrading CITIC Bank's long-term foreign currency Issuer Default Rating (IDR) from 'BBB+' to 'A-', with a stable outlook. This marks the second upgrade for...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601998":"中信银行","BK0278":"货币金融","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","BK1231":"综合性银行","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK0183":"MSCI概念","BK0188":"融资融券","BK0012":"证金概念","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","BK0187":"一线龙头","BK0015":"沪股通50","LU0051755006.USD":"摩根大通中国A (dist)","BK0028":"国家队","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","BK0201":"可转债","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","BK1560":"内银股","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","00998":"中信银行"},"translate_title":"惠誉评级将中信银行上调至“A-”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601998":1,"00998":1},"content_text":"On April 1, Fitch Ratings released a report upgrading CITIC Bank's long-term foreign currency Issuer Default Rating (IDR) from 'BBB+' to 'A-', with a stable outlook. This marks the second upgrade for CITIC Bank by Fitch, following a previous increase from 'BBB' to 'BBB+' in 2023, and represents the highest rating level among joint-stock banks in China.\nAccording to the Fitch report, the rating upgrade is primarily based on CITIC Bank's solid operational performance, strong shareholder support, and systemic importance.\nCITIC Bank stated that it will continue to actively advance the \"Five Key Financial Initiatives,\" further develop its value-oriented banking strategy, and accumulate new momentum for development during the \"16th Five-Year Plan\" period, aiming to deliver stronger operational results to investors and the capital market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197703137","isCrawlerRequest":true}